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NEW QUESTION: 1
Which of the following statements about accounting concepts are correct?
(1)The money measurement concept is that only items capable of being measured in monetary terms can berecognizedin financial statements.
(2)The prudence concept means that understating of assets and overstating of liabilities is desirable in preparing financial statements.
(3)The historical cost concept is that assets are initiallyrecognizedat their transaction cost.
(4)The substance over form convention is that, whenever legally possible, the economic substance of a transaction should be reflected in financial statements rather than simply its legal form.
A. 1, 2 and 4
B. 2, 3 and 4
C. 1, 3 and 4
D. 1, 2 and 3
Answer: C

NEW QUESTION: 2
Click to expand each objective. To connect to the Azure portal, type https://portal.azure.com in the browser address bar.






When you are finished performing all the tasks, click the 'Next' button.
Note that you cannot return to the lab once you click the 'Next' button. Scoring occur in the background while you complete the rest of the exam.
Overview
The following section of the exam is a lab. In this section, you will perform a set of tasks in a live environment. While most functionality will be available to you as it would be in a live environment, some functionality (e.g., copy and paste, ability to navigate to external websites) will not be possible by design.
Scoring is based on the outcome of performing the tasks stated in the lab. In other words, it doesn't matter how you accomplish the task, if you successfully perform it, you will earn credit for that task.
Labs are not timed separately, and this exam may have more than one lab that you must complete. You can use as much time as you would like to complete each lab. But, you should manage your time appropriately to ensure that you are able to complete the lab(s) and all other sections of the exam in the time provided.
Please note that once you submit your work by clicking the Next button within a lab, you will NOT be able to return to the lab.
To start the lab
You may start the lab by clicking the Next button.
You plan to move backup files and documents from an on-premises Windows file server to Azure Storage.
The backup files will be stored as blobs.
You need to create a storage account named corpdata8548984n2. The solution must meet the following requirements:
- Ensure that the documents are accessible via drive mappings from Azure virtual machines that run Windows Server 2016
- Provide the highest possible redundancy for the documents
- Minimize storage access costs
What should you do from the Azure portal?
Answer:
Explanation:
See solution below.
Explanation
Step 1: In the Azure portal, click All services. In the list of resources, type Storage Accounts. As you begin typing, the list filters based on your input. Select Storage Accounts.
Step 2: On the Storage Accounts window that appears, choose Add.
Step 3: Select the subscription in which to create the storage account.
Step 4: Under the Resource group field, select Create New. Create a new Resource

Step 5: Enter a name for your storage account: corpdata8548984n2
Step 6: For Account kind select: General-purpose v2 accounts (recommended for most scenarios) General-purpose v2 accounts is recommended for most scenarios. General-purpose v2 accounts deliver the lowest per-gigabyte capacity prices for Azure Storage, as well as industry-competitive transaction prices.
Step 7: For replication select: Read-access geo-redundant storage (RA-GRS) Read-access geo-redundant storage (RA-GRS) maximizes availability for your storage account. RA-GRS provides read-only access to the data in the secondary location, in addition to geo-replication across two regions.
References:
https://docs.microsoft.com/en-us/azure/storage/common/storage-quickstart-create-account
https://docs.microsoft.com/en-us/azure/storage/common/storage-account-overview

NEW QUESTION: 3
"A cash received as a loan is shown as revenue not as a liability, on the balance sheet. To correct for such cases, most cash accounting systems recognize not only cash but also other assets and liabilities arising through prior cash transactions. This adjustment, though, does not alter the fact that outstanding obligations have been incurred but not accounted for, thus overstating the available balance." This is an example of possible mishandlings after the selection of .
A. None of these
B. Modified basis of accounting
C. Cash basis of accounting
D. Accrual basis of accounting
Answer: C